JD Sports Fashion plc has acquired a controlling stake in Tiso Group, a 10-door retailer of outdoor clothing and equipment based in Edinburgh, Scotland.
JD Sports will add Tiso to its Outdoor Division, which includes the Blacks and Millets banners acquired in January 2012. Founder Chris Tiso will remain chief executive while JD Sports Executive Chariman Peter Cowgill will serve as the Tiso Chairman.
In addition to 10 locations in Scotland, Tiso Group operates Bluestheskishop.com and Alpinebikes.com. The company reported a loss of more than £1 million in 2012, compared with a profit of £790,000 in 2011, according to a BBC report.
